Minn. R. agency 148, ch. 4900, RECEIVERSHIP REVOLVING LOAN FUND, pt. 4900.2907
Current through Register Vol. 49, No. 15, October 7, 2024
The loan shall be a personal obligation of the property owners and a loan repayment agreement with terms acceptable to the agency for a maximum term of ten years must be executed before the termination of the receivership; or, an assignment of rents shall be executed in an amount sufficient to repay the debt within a maximum term of ten years; or, a lien shall be placed against the property. Any one or a combination of the above may be used at the request of the agency to secure repayment of the loan.
Minn. R. agency 148, ch. 4900, RECEIVERSHIP REVOLVING LOAN FUND, pt. 4900.2907
Statutory Authority: MS s 462A.06